Tips for Non-QM Mortgage Approval – When Conventional Just Won’t Do

by mylenderjackie | Apr 19, 2022 | Loan Programs

If you have applied for a traditional or conventional loan and been denied approval you are not alone. In fact, there are many borrowers that are perfectly capable of repaying a loan that doesn’t quite fit the parameters of these types of mortgage loans. If you find...

Non QM Loans After Bankruptcy or Foreclosure

by mylenderjackie | Mar 14, 2022 | Loan Programs

Non QM Loans After Bankruptcy or Foreclosure – Home prices have been climbing at very quick rates over the last few years, especially in 2021. They are expected to increase and the housing market to remain strong for at least the next year. This coupled with an...

Applying for a Non-QM Loan After Traditional Loan Denial

by mylenderjackie | Mar 7, 2022 | Loan Programs

The non-QM loan is another name for non-conforming home mortgage loan programs. These types of loans do not have to stick to the parameters and requirement rules set by federal entities in order for them to be backed. These are loans strictly done by the lender to...

Reasons a Non-QM Mortgage Might be Better Than a Traditional One

by mylenderjackie | Feb 28, 2022 | Loan Programs

Reasons a Non-QM Mortgage Might be Better Than a Traditional One – Not every person hoping to purchase a home will be able to qualify for a traditional conventional 30-year fixed-rate mortgage. This can be due to several different reasons that do not meet up to...

Mortgage Tips for Single People with Children

by mylenderjackie | Jan 24, 2022 | Loan Programs

If you’re single and responsible for the care of one or more children in your home it can be more challenging to purchase a home as compared to a couple of people using a dual income to qualify for a mortgage. While homeownership may feel like it is becoming more and...

New Mortgage Program Proposal

by mylenderjackie | Dec 18, 2021 | Loan Programs, Homeownership

Recently five US senators introduced a bill that could help families with modest means build wealth through homeownership. This new proposal is called the LIFT Act, or Low-Income First-Time Homebuyers Act, and is currently only a bill. This new bill is hoped to...